In a seismic shift among the world's top billionaires, Amazon founder Jeff Bezos has lost his place as the richest man on earth.
The mega director, who also owns the Washington Post, fell to No. 2 spot after the e-commerce giant's share price collapsed 7 percent in afternoon trading on Thursday, according to Forbes.
With his combined wealth now at $ 103.9 billion, Bezos handed over the title to Microsoft co-founder Bill Gates, whose net worth is $ 105.7 billion.
Bezos, 55, became the world's richest man in 2018, when he also became the first centibillionaire to ever appear on the Forbes 400 – with a net worth of $ 160 billion, ending Gates' 24-year run in the top spot.
He first joined the Forbes 400 list of wealthiest Americans in 1
But Bezos & # 39; net impairment is not entirely due to Amazon's stocks. He would still be ranked # 1 if he and MacKenzie Bezos had not divorced.
In January, the couple announced their split, with MacKenzie, 49, receiving a quarter of Amazon's holdings in July. With a net worth of $ 32.7 billion, she is among the 20 richest people in the world.
Bezos split from MacKenzie following a nude photo scandal in which embarrassing "under the belt" selfies intended for his mistress Lauren Sanchez were leaked.
Gates, who debuted on Forbes & # 39; s first billionaire list in 1987 with a net worth of $ 1.25 billion, resigned as chairman of Microsoft in 2014, although he remains a board member.
He is now co-chair of the Bill & Melinda Gates Foundation.